What is Zacks Research’s Forecast for CRS Q1 Earnings?

Carpenter Technology Corporation (NYSE:CRS) – Investment analysts at Zacks Research upped their Q1 2027 earnings per share (EPS) estimates for shares of Carpenter Technology in a note issued to investors on Friday, August 28th. Zacks Research analyst Team now expects that the basic materials company will earn $2.91 per share for the quarter, up from their prior estimate of $2.89. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Carpenter Technology’s current full-year earnings is $13.28 per share. Zacks Research also issued estimates for Carpenter Technology’s Q2 2027 earnings at $2.98 EPS, Q3 2027 earnings at $3.34 EPS, Q4 2027 earnings at $3.58 EPS, FY2027 earnings at $12.80 EPS, Q1 2028 earnings at $3.37 EPS, Q2 2028 earnings at $3.55 EPS, Q3 2028 earnings at $3.99 EPS, Q4 2028 earnings at $4.16 EPS, FY2028 earnings at $15.08 EPS and FY2029 earnings at $18.44 EPS.

A number of other analysts have also recently weighed in on the stock. Wall Street Zen cut shares of Carpenter Technology from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Susquehanna lowered their target price on shares of Carpenter Technology from $680.00 to $600.00 and set a “positive” rating on the stock in a research note on Friday, July 31st. Wells Fargo & Company lifted their target price on shares of Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. TD Cowen boosted their target price on shares of Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research report on Monday, July 13th. Finally, BTIG Research boosted their target price on shares of Carpenter Technology from $450.00 to $620.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Carpenter Technology currently has an average rating of “Buy” and an average target price of $577.25.

Carpenter Technology Trading Down 0.9%

Shares of CRS stock opened at $472.19 on Monday. Carpenter Technology has a 12 month low of $228.00 and a 12 month high of $625.98. The company has a quick ratio of 2.23, a current ratio of 3.81 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $553.33 and its two-hundred day moving average is $475.93. The company has a market cap of $23.40 billion, a PE ratio of 44.88, a price-to-earnings-growth ratio of 1.68 and a beta of 1.26.

Carpenter Technology (NYSE:CRS) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. The business had revenue of $679.70 million for the quarter, compared to the consensus estimate of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The firm’s revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business earned $2.21 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Carpenter Technology during the 2nd quarter worth approximately $2,978,000. Kinetic Partners Management LP acquired a new position in shares of Carpenter Technology in the second quarter valued at $19,122,000. Covestor Ltd raised its stake in shares of Carpenter Technology by 334.3% in the fourth quarter. Covestor Ltd now owns 3,492 shares of the basic materials company’s stock valued at $1,099,000 after purchasing an additional 2,688 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new position in shares of Carpenter Technology in the second quarter valued at $3,095,000. Finally, Peregrine Asset Advisers Inc. bought a new position in Carpenter Technology in the fourth quarter worth $4,062,000. Institutional investors own 92.03% of the company’s stock.

Insider Activity at Carpenter Technology

In related news, Director Ramin Younessi sold 438 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $493.15, for a total transaction of $215,999.70. Following the transaction, the director owned 1,953 shares of the company’s stock, valued at approximately $963,121.95. The trade was a 18.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Tony R. Thene sold 57,456 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $483.90, for a total transaction of $27,802,958.40. Following the transaction, the chief executive officer owned 439,631 shares of the company’s stock, valued at approximately $212,737,440.90. The trade was a 11.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 109,721 shares of company stock valued at $53,091,824 over the last three months. 2.90% of the stock is owned by company insiders.

Carpenter Technology Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Tuesday, August 25th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend is Tuesday, August 25th. Carpenter Technology’s dividend payout ratio is currently 7.60%.

Carpenter Technology Company Profile

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.